Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dexterra Group Inc. (DXT.TO)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$16.35 - $49.62$26.01
Multi-Stage$11.16 - $12.18$11.66
Blended Fair Value$18.83
Current Price$9.18
Upside105.16%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS48.45%0.00%0.360.360.360.320.080.050.200.180.210.59
YoY Growth---1.44%-0.18%12.24%313.23%58.00%-74.83%6.91%-14.45%-63.62%0.00%
Dividend Yield--4.45%6.30%7.30%4.09%1.33%3.52%2.14%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)40.00
(-) Cash Dividends Paid (M)22.05
(=) Cash Retained (M)17.95
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8.005.003.00
Cash Retained (M)17.9517.9517.95
(-) Cash Required (M)-8.00-5.00-3.00
(=) Excess Retained (M)9.9512.9514.95
(/) Shares Outstanding (M)63.1863.1863.18
(=) Excess Retained per Share0.160.210.24
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.160.210.24
(=) Adjusted Dividend0.510.550.59
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate5.50%6.50%7.50%
Fair Value$16.35$26.01$49.62
Upside / Downside78.08%183.28%440.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)40.0042.6045.3748.3251.4654.8056.45
Payout Ratio55.12%62.09%69.07%76.05%83.02%90.00%92.50%
Projected Dividends (M)22.0526.4531.3436.7442.7249.3252.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)24.0924.3224.55
Year 2 PV (M)25.9926.4926.99
Year 3 PV (M)27.7628.5529.37
Year 4 PV (M)29.3930.5231.69
Year 5 PV (M)30.9132.4033.95
PV of Terminal Value (M)567.16594.56623.00
Equity Value (M)705.30736.84769.53
Shares Outstanding (M)63.1863.1863.18
Fair Value$11.16$11.66$12.18
Upside / Downside21.61%27.04%32.68%

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